EX-99.3 4 exhibit99320250331.htm EX-99.3
Exhibit 99.3
CASH FLOW INFORMATION (UNAUDITED)
GLOBAL PAYMENTS INC. AND SUBSIDIARIES
(In thousands)

| Three Months Ended March 31, 2024
| As Previously Reported |  | Change in Presentation |  | As Adjusted
Cash flows from operating activities: |  |  |  |  |
Changes in operating assets and liabilities, net of the effects of business combinations: |  |  |  |  |
Settlement processing assets and obligations, net | $ | (24,689) |  |  | $ | 24,689 |  |  | $ | — |
Accounts payable and other liabilities | (247,242) |  |  | 88,573 |  |  | (158,669) |
Net cash provided by operating activities | $ | 416,317 |  |  | $ | 113,262 |  |  | $ | 529,579 |
Cash flows from financing activities: |  |  |  |  |
Changes in funds held for customers | $ | — |  |  | $ | (88,573) |  |  | $ | (88,573) |
Changes in settlement processing assets and obligations, net | — |  |  | (24,689) |  |  | (24,689) |
Net cash used in financing activities | $ | (163,436) |  |  | $ | (113,262) |  |  | $ | (276,698) |
| Six Months Ended June 30, 2024
| As Previously Reported |  | Change in Presentation |  | As Adjusted
Cash flows from operating activities: |  |  |  |  |
Changes in operating assets and liabilities, net of the effects of business combinations: |  |  |  |  |
Settlement processing assets and obligations, net | $ | (57,718) |  |  | $ | 57,718 |  |  | $ | — |
Accounts payable and other liabilities | (232,396) |  |  | 127,497 |  |  | (104,899) |
Net cash provided by operating activities | $ | 1,153,199 |  |  | $ | 185,215 |  |  | $ | 1,338,414 |
Cash flows from financing activities: |  |  |  |  |
Changes in funds held for customers | $ | — |  |  | $ | (127,497) |  |  | $ | (127,497) |
Changes in settlement processing assets and obligations, net | — |  |  | (57,718) |  |  | (57,718) |
Net cash used in financing activities | $ | (371,960) |  |  | $ | (185,215) |  |  | $ | (557,175) |
| Nine Months Ended September 30, 2024
| As Previously Reported |  | Change in Presentation |  | As Adjusted
Cash flows from operating activities: |  |  |  |  |
Changes in operating assets and liabilities, net of the effects of business combinations: |  |  |  |  |
Settlement processing assets and obligations, net | $ | 789,702 |  |  | $ | (789,702) |  |  | $ | — |
Accounts payable and other liabilities | (219,081) |  |  | 84,592 |  |  | (134,489) |
Net cash provided by operating activities | $ | 2,879,256 |  |  | $ | (705,110) |  |  | $ | 2,174,146 |
Cash flows from financing activities: |  |  |  |  |
Changes in funds held for customers | $ | — |  |  | $ | (84,592) |  |  | $ | (84,592) |
Changes in settlement processing assets and obligations, net | — |  |  | 789,702 |  |  | 789,702 |
Net cash used in financing activities | $ | (1,151,073) |  |  | $ | 705,110 |  |  | $ | (445,963) |

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| Year Ended December 31, 2024
| As Previously Reported |  | Change in Presentation |  | As Adjusted
Cash flows from operating activities: |  |  |  |  |
Changes in operating assets and liabilities, net of the effects of business combinations: |  |  |  |  |
Settlement processing assets and obligations, net | $ | 338,341 |  |  | $ | (338,341) |  |  | $ | — |
Accounts payable and other liabilities | 107,263 |  |  | (136,759) |  |  | (29,496) |
Net cash provided by operating activities | $ | 3,532,683 |  |  | $ | (475,100) |  |  | $ | 3,057,583 |
Cash flows from financing activities: |  |  |  |  |
Changes in funds held for customers | $ | — |  |  | $ | 136,759 |  |  | $ | 136,759 |
Changes in settlement processing assets and obligations, net | — |  |  | 338,341 |  |  | 338,341 |
Net cash used in financing activities | $ | (2,766,858) |  |  | $ | 475,100 |  |  | $ | (2,291,758) |
| Year Ended December 31, 2023
| As Previously Reported |  | Change in Presentation |  | As Adjusted
Cash flows from operating activities: |  |  |  |  |
Changes in operating assets and liabilities, net of the effects of business combinations: |  |  |  |  |
Settlement processing assets and obligations, net | $ | (345,898) |  |  | $ | 345,898 |  |  | $ | — |
Accounts payable and other liabilities | 51,108 |  |  | (44,834) |  |  | 6,274 |
Net cash provided by operating activities | $ | 2,248,741 |  |  | $ | 301,064 |  |  | $ | 2,549,805 |
Cash flows from financing activities: |  |  |  |  |
Changes in funds held for customers | $ | — |  |  | $ | 44,834 |  |  | $ | 44,834 |
Changes in settlement processing assets and obligations, net | — |  |  | (345,898) |  |  | (345,898) |
Net cash provided by financing activities | $ | 2,141,121 |  |  | $ | (301,064) |  |  | $ | 1,840,057 |

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